JK International is committed to assist you with your global supply chain. This includes more than just moving shipments. Our additional services include finding the right insurance & bonds for your shipments. The probability of sustaining a loss while shipments are in transit is far greater than most companies comprehend. At JKI, we work to ensure that our clients are informed of this frequently overlooked risk. Shipping companies are often misled into relying on the carrier to pay for losses in transit. There are various international laws and tariff restrictions, however, which limit the liability of air and ocean carriers in the event of a loss. In addition, most air and ocean carriers are not responsible for losses which are unforeseeable and beyond their control. Because of this reason, JKI offers a comprehensive cargo insurance program to clients. Some of our insurance products include:
Ocean Cargo Coverage
Air Cargo Coverage
Comprehensive “All Risk” Coverage
Coverage for High Risk Countries
For “Special Risk” coverage options, please contact a JKI team member to find out more.
Any corporation, company, or individual wishing to import goods into the United States or engage in other import-related activities or operations is required to post a surety bond or its cash equivalent with the U.S. Customs & Border Protection (CBP).
There are two common types of bonds: Single Entry Bond (SEB) and Continuous Transaction Bond (CTB).
Single Entry Bond (SEB) - Covers a single import transaction. This type of bond is recommended to importers who infrequently import into the U.S.
Continuous Transaction Bond (CTB) – Covers all import transactions at every U.S. port. The bond remains in force for one year and must be renewed annually. This type of bond is recommended to importers who are involved in trade with the U.S. throughout the year.
The amount of a bond varies on the type of your shipments. Typically, for Single Entry Bond (SEB), the bond must be equal to the Customs-entered value of the goods plus the estimated U.S. duties. In some cases, a bond is required to be much higher than the entered value. Some examples when this would be necessary are if the goods are subject to an antidumping duty (ADD) or countervailing duty (CVD), if the goods are subject to Participating Government agencies (PGAs), or if they are subject to certain entry transactions.
JK International offers comprehensive coverage on U.S. Custom bond products with competitive pricing and excellent client services. As your Customs House Broker, JKI will ensure that you have the most appropriate bond and adequate coverage for your shipments.
If you have any questions about our insurance & bonds products or would like to become our client, please send an email to ClientServices@jkiglobal.com or use the Contact Us page to send us your information. One of JKI’s team members will contact you shortly.
Whether it is an air shipment or an ocean shipment, JKI will ensure that your shipment is well taken care of from the initial pick-up to the final delivery and every step of the way between.
With our full export documentation services and export transportation arrangement, you can rest assured that your export supply chain is in good hands.
JKI is a licensed Customs House Broker, and our team members are highly trained, licensed, and/or certified to assist with your customs clearance process.
JKI has all the resources required to work with our qualified partners to provide customized services for every mode of transportation.
With the strong support of our global network of qualified partners, JKI can offer market-optimizing shipping and warehousing solutions to fit your needs.
4728 Spottswood Ave. Box 208
Memphis, TN 38117
Toll Free: +1 800 554 4959
Telephone: +1 901 264 9870
FAX: +1 901 672 6854